Biosurfactants Market To Exhibit Growth At A CAGR Of 4.3% From 2014 To 2020: Grand View Research, Inc.

According to new report published by Grand View Research, the global biosurfactants market is expected to reach USD 2,308.8 million by 2020. High price and low availability of feedstocks is anticipated to bode well for the market over the forecast phase.

The global biosurfactants market is estimated to attain a valuation of USD 2,308.8 million by 2020, says a report by Grand View Research, Inc. Biosurfactants are compounds that contain hydrophilic and hydrophobic groups. These compounds allow chemicals to blend appropriately and reduce surface tension of liquids. They are less toxic as compared to surfactants and highly demanded in the cosmetics industry. Although they contain hydrophilic or hydrophobic groups, they may not be hundred percent plant-based.

The biosurfactants market is expected to touch 462 kilotons (KT) by 2020 in terms of demand, exhibiting a 4.3% CAGR from 2014 to 2020. The shift towards biosurfactants as opposed to synthetic surfactants owing to their low degradability is expected to spur market growth over the forecast period (2012 to 2020). High price and low availability of feedstocks is anticipated to bode well for the market over the forecast phase. Furthermore, the demand for environment-friendly raw materials in personal care, textiles, and agricultural chemicals is predicted to open up new avenues for growth. However, pricing wars are expected to be a huge deterrent for market growth.

Bioremediation is a process to rid pollutants in the soil or groundwater. The biosurfactants derived using microorganisms that can clean contaminated sites is of vital importance in bioremediation. The process is being used to eliminate polycyclic aromatic hydrocarbons in water and soil. Furthermore, a study conducted at the Stellenbosch University from South Africa in 2017, led to the discovery of antimicrobial compounds that can prevent the growth of microorganisms that are immune to antibiotics. Municipal wastewaster was found to be an ideal living environment for these microorganisms. This discovery can be implemented in coating and cleaning agents to prevent food spoilage.

Regions covered in the market report include Asia Pacific (APAC), North America, Europe, and Rest of the World (RoW). In 2013, the Europe market accounted for over 50% global demand due to high awareness among consumers. In addition, strict environmental regulations can be attributed as one of the major driving factors for the high demand. North America was the second largest market after Europe in the same years owing to high demand from the personal care sector. Rising purchasing power of consumers and preference for non-synthetic products in the U.S. can influence the North America market in near future.

The APAC biosurfactant market was small in terms of overall market share in 2013. However, it possesses the capacity to increase its share by 2020. This expansion can be accredited to the high demand for bio-based personal care products. The countries like China and India have booming personal care, textile, and agricultural sectors that are expected to spur market over the forecast period. The RoW market is anticipated to grow at a substantial CAGR due to the factors like supportive government policies in Brazil. The rise in per capita income of Brazilian consumers coupled with regulations by the National Health Surveillance Agency (ANVISA) can boost market growth in the forthcoming years. Similarly, other countries that share the border with Brazil such as Argentina, Chile, and Panama are anticipated to contribute to market expansion due to increasing exports to North America and Europe.

Key players operating in the biosurfactant market are MG Intobio Co. Ltd., BASF Cognis, Urumqi Unite Bio-Technology Co., Ltd., Ecover, and Saraya Co. Ltd. Most players are focusing on research and development to produce chemicals that are more in line with regulations outlined by the regulatory agencies. Focus on novel product launches due to demand for organic products may prove elemental for the market. For instance, Orineo was awarded in 2016 at the International Conference of Bio-based Materials for developing a biobased surfactant, Rewoferm SL 446. This product finds applications in countertops and desktops.

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.